Bitcoin (BTC) exchanges are getting an important “delevezing event”, which should shape the future benefits, called new research.
In its one “AcceleratedOn March 17, Blog Post, Onchain Analytics Platform Cryptoctives revealed a capitulation of $ 10 billion on bitcoin futures markets.
Bitcoin sees “required” phenomena for BTC price rebound
Bitcoin derivatives traders have firmly risked since the current all-time high of BTC/USD in mid-January.
Cryptocwant, which uses data of various major crypto exchanges, calculates that open interest (OI) collected on the futures fell by $ 10 billion in just three weeks from March 4 to March 4.
“On January 17, the open interest of bitcoin reached all time of more than $ 33B, indicating that the market was never high,” contributors write darkfosts.
Drop, their argument, “a natural market can be considered as a reset, an essential phase to maintain a rapid continuity.”
Bitcoin futures OI data for top exchanges. Source: Cryptoctive
One With chart Overall, high levels of market ur-turn after high levels, showing a 90-day rolling change in total OI.
“Currently, the 90 -day change in bitcoin futures open interest has fallen rapidly and is now sitting at -14%,” the darkfost concludes.
“Given historical trends, each such past has provided good opportunities from short to moderate periods.”
Crypto “Demand Crisis” emerges
Continuing, fellow cryptoctive contributor Cryptolic saw the overall active derivative markets since November 2024.
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Stabelcoin reserves are increasing in derivative exchanges, they revealed this week, even crossing the spot markets. This, however, is not a recipe for value.
“When we analyze the amount and circulation of stablecoins, which act as fuel in the market, we see that despite the rapid increase in total stabelin supply since November 2024, it has not led to significant benefit to markets or investors,” Another blog post Tells
Cryptolic described spot markets as a “demand crisis”.
He said, “Until this distribution is normal, avoiding high-seller (high-risk) trades can be the most prudent approach,” he said.
Exchange Stablecoin Store (Screenshot). Source: Cryptoctive
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.